Nicholas Silvers And Dov Barnett Acquire Gowanus Development Site From Aby Rosen For $160M

A development site located at 175 3rd Street in Brooklyn's Gowanus market was sold for $160 million. The property encompasses 750,000 square feet, resulting in a price per square foot of approximately $213.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $160,000,000
• Buyer: Nicholas Silvers & Dov Barnett - Tavros Capital; Sam Charney - Charney Cos
• Seller: Aby Rosen - RFR Holding
• Lender: Silver Point Capital, The Brodsky Organization & Tikehau Capital
• BSF: 750,000

Tavros Capital and Charney Cos. acquired the site to develop 1,000 apartments, marking a significant investment into the evolving Gowanus area.